car service

While Uber dukes it out in China against Didi Kauidi, a homegrown rival in India is also piling pressure on the U.S.-based transportation app with global ambitions. Ola, a taxi app backed by the likes of Softbank and DST Global (coincidentally also both backers of Didi Kauidi), is launching a new shuttle service to complement and expand on its taxi offering, with rides costing under… Read More

Uber — the app-based, on-demand transportation service — has been on has been on a fundraising tear as it expands globally in the face of major competition. China is the company’s latest battleground. Today, Uber confirmed that it has raised a further $1.2 billion in funding, led by search giant Baidu, in order to continue expanding Uber China, and the round is not… Read More

SoftBank is doubling down on India, quite literally. The Japanese tech powerhouse, flush with billions from its extremely lucrative Alibaba investment, is today confirming that it has led a $210 million investment in Ola, an Uber-style service in India that aims to use technology to shake up and dominate the car-for-hire and wider transportation market in the country.
The news comes at the… Read More

Rocket Internet, the Samwer Brothers’ Berlin-based e-commerce startup incubator, is taking its Latin American ambitions up to the next gear. Easy Taxi, a Hailo-like app for calling up taxicabs, is today announcing a $15 million round of investment from Latin America Internet Holding (LIH). LIH is Rocket Internet’s holding company in the region, and it is part-owned by Millicom… Read More

It’s been a bumpy ride for Uber. The mobile-first, on-demand limo and taxi service is now in (or is soon to launch in) 24 cities. But, as you’ve likely heard by now, while Uber and its ilk may represent the future of “car-summoning” services, regulators, unions and existing services aren’t always so impressed. The service has faced the most virulent push-back in… Read More